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Dec 11, 2012
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italy has pushed through important reforms in the past year, he said. markets have honored this so far. however, they have acted with concern to the recent developments at the end of last week. u.s. ratings agency standard and poor's also expressed doubts about whether italy passed next government would remain committed to the next reforms -- italy's's next government would remain committed to the end -- italy's next government would remain committed to the reforms. >> our correspondents and does this report from the frankfurt stock exchange -- our correspondent sent us this report from the frankfurt stock exchange. >> traders have been disappointed. they have to wait another day until they get to know the outcome of the greek program. uncertainty always drags down shares, not only of traders -- if traders and investors look at greece today are watching the problems in italy. the news that mario monti will step down really dragged down the mood. >> let's take a quick look at some market numbers. the dax closed just a tad out at 7530. the euro stoxx 50 e
italy has pushed through important reforms in the past year, he said. markets have honored this so far. however, they have acted with concern to the recent developments at the end of last week. u.s. ratings agency standard and poor's also expressed doubts about whether italy passed next government would remain committed to the next reforms -- italy's's next government would remain committed to the end -- italy's next government would remain committed to the reforms. >> our correspondents...
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Dec 5, 2012
12/12
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though there are problems in some territories in europe like italy and spain, greece, of course. there are other strong markets. again, this is a reason why china and russia and brazil and india have become so important at the global scenario. >> okay, we wish you all the best. have a great few days there in singapore. >>> the british chancellor executive george osborne is giving his autumn statement today. the chancellor has already dropped big hints about what we can expect. katie barnfield has gone up to man chester to see how the government's economic mandate is really playing well. >> reporter: earlier this week, the chancellor george osborne warned that although the uk's economic recovery will take longer than planned, it would be catastrophic if he put down his austerity measures now. but it is a catastrophe already here? manchester looks like a thriving city. but with the surrounding areas home to some of the most economically disadvantaged parts of the uk. rows of shops stand unused and the number of people claiming benefits has risen almost 70% since 2008. the uk's oppo
though there are problems in some territories in europe like italy and spain, greece, of course. there are other strong markets. again, this is a reason why china and russia and brazil and india have become so important at the global scenario. >> okay, we wish you all the best. have a great few days there in singapore. >>> the british chancellor executive george osborne is giving his autumn statement today. the chancellor has already dropped big hints about what we can expect....
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Dec 10, 2012
12/12
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silvio berlusconi is not going to end up running italy. i think perhaps a bigger issue at this stage, and this is from deutsche bank whether the virtual intervention we've had, the ecb saying we will intervene if we have to, may now be wearing a little bit thin. there is a knee-jerk reaction. the italian banks, they're all down. they're clogging up the bottom of the stock 600 in europe. so the banks have fallen. some of the industrials have also been marked lower in italy. today for example you could see with alitalia, and telecom italia is also lower. you see a spike higher in italian yield. you'll see the headlines, and they'll be raging about it. bear in mind where we actually are on this quite high yield relative to where we've been. let's get some perspective on what has happened. what i think is more interesting is the fact that it's moved over to spain. do you remember when we had that bad auction. the spanish didn't get as much debt away last tuesday and that really spooked the markets, potentially we're reaching a point at which t
silvio berlusconi is not going to end up running italy. i think perhaps a bigger issue at this stage, and this is from deutsche bank whether the virtual intervention we've had, the ecb saying we will intervene if we have to, may now be wearing a little bit thin. there is a knee-jerk reaction. the italian banks, they're all down. they're clogging up the bottom of the stock 600 in europe. so the banks have fallen. some of the industrials have also been marked lower in italy. today for example you...
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Dec 26, 2012
12/12
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but rafael comes from a beautiful town in italy. in italy he is the man. he is right there. he is right there with michelangelo and da vinci but there is no color. >> it's a sketch. what is it with, pencil, char coal? no oil. $47 million? melissa: was it you? it wasn't me. >> i would bid 47 cents. melissa: up next, the artist, psy famous for gang nam style is not making money from song sales that was only 60 grand. instead he is making nearly $8 million from youtube ads, eye tunes downloads, even commercials. since july the video has had close to 9 million views which is even more than justin bieber. love it. >> i love it. i love --. melissa: i'm staring at it. >> my 8-year-old nephew, he brings the house down every time. that thing comes on and he goes crazy. i don't know what it means. don't know any word of the song. melissa: bet you can't do that dance. >> in the shower,o?
but rafael comes from a beautiful town in italy. in italy he is the man. he is right there. he is right there with michelangelo and da vinci but there is no color. >> it's a sketch. what is it with, pencil, char coal? no oil. $47 million? melissa: was it you? it wasn't me. >> i would bid 47 cents. melissa: up next, the artist, psy famous for gang nam style is not making money from song sales that was only 60 grand. instead he is making nearly $8 million from youtube ads, eye tunes...
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Dec 28, 2012
12/12
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maybe, the worst is finally past, there's some hideous headline out of greece or portugal or spain or italy that the comes back with a vengeance and the s&p gets bashed down by a torrent of selling. that's why it's so important to prepare yourself and your stocks for the next catastrophe around the corner. expected or unexpected, so that you can make money in any market, or at least lose less and not just when things are going smoothly. you have to build this stuff into what i call your world view. you have to assume that somewhere, sometime, something will go wrong. i'm not saying you should be a super skeptic perma-bear, not at all. over the course of my 31-plus years in this business i've seen the averages climb way too way, watched the market make people way too much money to ever be that cynical and close-minded. being negative all the time has not historically been a lucrative strategy, and i don't see any reason why that should change now. there are a handful of incredibly smart, professional short sellers, hats off, able to turn pessimism into profits but i don't recommend trying to
maybe, the worst is finally past, there's some hideous headline out of greece or portugal or spain or italy that the comes back with a vengeance and the s&p gets bashed down by a torrent of selling. that's why it's so important to prepare yourself and your stocks for the next catastrophe around the corner. expected or unexpected, so that you can make money in any market, or at least lose less and not just when things are going smoothly. you have to build this stuff into what i call your...
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Dec 19, 2012
12/12
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italy, oh, my, what happens when italy -- it turns out you had to take it down. i know that john corzine, very controversial figure. that's a code word. but what a trade they almost had. in the news again today. >> almost. >> horseshoes, hand grenades. >> we should point out, gm was certainly not having the easiest of times of it. this morning's stock is up sharply, we're telling you why. the company will buy back at a premium to at least what was the market price as of yesterday, 200 million shares from the government at $27.50. that having the effect of sending the stock above that. why not, if you're gm, you've got all this cash sitting on your balance sheet. you're earning virtually nothing on it, why not take the opportunity, even at a premium, to buy it back by as much as 11%, shrinking the cap by that much. we heard from tim massad who runs t.a.r.p., they'll be dribbling out the shares over time. the next 12 to 15 months. similar to the strategy employed with citi. a bit of it coming out. and finally they cleaned it up with a few big blocks. >> that was ve
italy, oh, my, what happens when italy -- it turns out you had to take it down. i know that john corzine, very controversial figure. that's a code word. but what a trade they almost had. in the news again today. >> almost. >> horseshoes, hand grenades. >> we should point out, gm was certainly not having the easiest of times of it. this morning's stock is up sharply, we're telling you why. the company will buy back at a premium to at least what was the market price as of...
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Dec 11, 2012
12/12
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italy has the wealth, italy has the industrialization, it has the export. italy really could make a go of it. we didn't see any productivity in the last decade. it should have made italy stronger. i personally am much more concerned about france and spain than i am about italy. >> we'll talk about those. >> let me add asking. if italy is in this situation now, it relied on the easy way out. and politicians, including berlusconi, didn't have the foresight to see that. >> thank you so much for coming by. >>> staying at the eurozone, investors will be watching for anything coming from the italian crisis. the results of the spanish bond actions are due around 12:40 cst. hsbc was hit with a $1.9 billion fine. the ceo said we accept responsibility for our mistakes and are profoundly sorry for them. >> a full year loft loss of 4.7 billion euros, thinksen krup has more details. >> they are starting to look at the positive of what i would call a -- strategy, i.e., a clean sweep when it comes to the business strategy of thyssenkrupp as well as the instruct occur and
italy has the wealth, italy has the industrialization, it has the export. italy really could make a go of it. we didn't see any productivity in the last decade. it should have made italy stronger. i personally am much more concerned about france and spain than i am about italy. >> we'll talk about those. >> let me add asking. if italy is in this situation now, it relied on the easy way out. and politicians, including berlusconi, didn't have the foresight to see that. >> thank...
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what's happening in greece spain italy. portugal when they sing hits the norse in european countries any it will inevitably maybe north german maybe not germany because germany has a very sound economy they have their export mall though they're doing strategic alliances with russia in terms of oil and gas as well they are sustainable but the rest of europe that would exceptional about germany and scandinavia is not then we going to have sort of. by wall street movement inside western europe as well and this is going to happen within the next few years all right gentlemen because the model itself is unsustainable right gentlemen to jump in here we're going to go to a short break and after that short break bill continue our discussion on the west stay with our. experience before series with the. survival. of. the course of. the nation the fore. flt. they are all here to make it possible. chimp and the client on our show. to speak our language. programs and documentaries in arabic it's all here on the t.v. reporting from the w
what's happening in greece spain italy. portugal when they sing hits the norse in european countries any it will inevitably maybe north german maybe not germany because germany has a very sound economy they have their export mall though they're doing strategic alliances with russia in terms of oil and gas as well they are sustainable but the rest of europe that would exceptional about germany and scandinavia is not then we going to have sort of. by wall street movement inside western europe as...
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but of course pepe is right spain is in crisis yes southern italy has been in crisis for decades yes does that mean the entire west the western social model is in decline no i fundamentally disagree we have managed to create a degree of inequality in our societies that maintains the dynamism people want to move up and they have the opportunity to move up i believe that in parts of the united states the degree of inequality is at a level that would never be acceptable in europe but in europe our inequality that we have here maintains the dynamism and actually social mobility in western europe these days is higher than it is in the united states or in other societies for that matter ok pepe what about the welfare state cannot survive all this yes in scandinavia exactly it's it does survive in scandinavia it's not going to survive in the club med countries and if you compare their social services to the countries in the north sea is the legs behind them france which is more or less the middle term between the mad in the scandinavians you know will survive but how they're going to pay it
but of course pepe is right spain is in crisis yes southern italy has been in crisis for decades yes does that mean the entire west the western social model is in decline no i fundamentally disagree we have managed to create a degree of inequality in our societies that maintains the dynamism people want to move up and they have the opportunity to move up i believe that in parts of the united states the degree of inequality is at a level that would never be acceptable in europe but in europe our...
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germany which have some of the best standard of living anywhere in the world you have northeastern italy for instance which has a tradition of small and two premierships you go to a small. construction area. making clothes in gucci style in florence or making food in bali and export all over the world but it is they've been doing that for a thousand years or so and then you compare it to rome maples in southern italy it's a total disgrace day themselves and say that they live in africa and in fact so this is the problem is the inequality inside the western capitalist system and this inequality is being reproduced by the chinese most of the time i am between those americas north and south europe and china whenever i travel inside china i see the same mistakes they are committing that the west has been committing for the past twenty years and it's basically to apply new liberalism to china alexander you clarkie disagree go ahead yeah of course i disagree the problem is not inequality in and of itself the problem is the degree of inequality and i have driven around the southwestern united s
germany which have some of the best standard of living anywhere in the world you have northeastern italy for instance which has a tradition of small and two premierships you go to a small. construction area. making clothes in gucci style in florence or making food in bali and export all over the world but it is they've been doing that for a thousand years or so and then you compare it to rome maples in southern italy it's a total disgrace day themselves and say that they live in africa and in...
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Dec 19, 2012
12/12
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we believe that every time italy and spain would have to raise money, do those deals, interest rates would shoot through the roof, bankrupting all involved, sovereign countries, companies, banks. instead, by letting cooler heads prevail through can kicking, smart private sector investors kicked the tires, not the cans, and they bought the debt. hit home runs every time they did. as rates came down hard, courtesy of bank backstop that did work. the europeans realized if they stopped the can kicking game cold like so many investors claimed they had to do, well, europe would go into severe depression. they didn't want that kind of austerity, their leaders bought time by kicking the can and that's what was most needed, time. they bought time. how well did it work? considering rates are not only not dramatically higher, they're dramatically lower, and the euro right now, strongest currency in the world. hmm, i thought the euro was supposed to vanish by this time with the secret sellers around the country. i thought greece was supposed to be kicked out of the union. instead, my advice, do
we believe that every time italy and spain would have to raise money, do those deals, interest rates would shoot through the roof, bankrupting all involved, sovereign countries, companies, banks. instead, by letting cooler heads prevail through can kicking, smart private sector investors kicked the tires, not the cans, and they bought the debt. hit home runs every time they did. as rates came down hard, courtesy of bank backstop that did work. the europeans realized if they stopped the can...
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Dec 10, 2012
12/12
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no rest for italy. banking stocks lead the ftse mib lower as political uncertainty speaks investors. economic malaise in europe, japan and the u.s. all taking its toll. and obama and boehner meet face-to-face as the clock ticks towards the fiscal cliff. >>> china's growth has recently improved. may well be on track to surpass beijing's 7.5% gdp target for the year. but november's softer than expected trade data highlights the vulnerability to riskes from abroad. joining us more now is eunice eune. how likely is it that we see china hit or surpass these growth targets given the figures showed us? >> well, people are growing concerned about just that. the trade data really highlighted a lot of the problems going forward in terms of the global demand for chinese-made goods. people were really surprised about the export data which came in at 279% growth. everybody had expected to see 9% growth which would already have been a slowdown. they were also quite surprised by the import number, which came in at zer
no rest for italy. banking stocks lead the ftse mib lower as political uncertainty speaks investors. economic malaise in europe, japan and the u.s. all taking its toll. and obama and boehner meet face-to-face as the clock ticks towards the fiscal cliff. >>> china's growth has recently improved. may well be on track to surpass beijing's 7.5% gdp target for the year. but november's softer than expected trade data highlights the vulnerability to riskes from abroad. joining us more now is...
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Dec 28, 2012
12/12
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especially in the case of italy. the country is fulfilling conditions of the ecb if it ever got into needed. it made the fiscal adjustment that was needed. if the country exits recession which we expect to happen next year and the growth at a potential growth rate of say 1 mers, 1.5%, with inflation under control, with interest rates back to levels which were normal for italy before the financial crisis, then all these adjustments altogether show that italy can go back on to a sustainable growth path and -- >> is that with or without berlusconi involved? because end of february are these elections. >> yes. the elections are, of course, more the campaign heading into the elections with all these noises, especially the end ecb noises that we hear from italy. that's going to cause concern that if italy does need help, how likely are they going to be to get it? in the years from 1993 to 2007 italy brought down its debt to gdp ratio to almost 100% and half of that time berlusconi is prime minister. it's not like berluscon
especially in the case of italy. the country is fulfilling conditions of the ecb if it ever got into needed. it made the fiscal adjustment that was needed. if the country exits recession which we expect to happen next year and the growth at a potential growth rate of say 1 mers, 1.5%, with inflation under control, with interest rates back to levels which were normal for italy before the financial crisis, then all these adjustments altogether show that italy can go back on to a sustainable...
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you get this in italy you get this in germany you just can't change them for education for whatever they will say the same the problem is you have a few thousand teenagers who go on to the matches and they don't know what they're doing so they copy what these. races fans are doing and what the club needs to do is try to educate the teenagers of the clubs. the russian premier league the russian football union they need to get special players involved because teenagers will look up to these players and trying it's and the racism campaigns going in respect of a two thousand and eighteen world cup i think this is a massive opportunity for russia to try and tackle the point of racism because we're going to have a lot of people coming into the country. and there are a few minutes we'll take you on a tour of sochi as the blank see results a surprise for the twenty fourth winter olympic games stay with us for that. is. the ball. did you. did it. since childhood the murder has always stood out from his peers he hates losing and has never missed a single training session he came first in everythin
you get this in italy you get this in germany you just can't change them for education for whatever they will say the same the problem is you have a few thousand teenagers who go on to the matches and they don't know what they're doing so they copy what these. races fans are doing and what the club needs to do is try to educate the teenagers of the clubs. the russian premier league the russian football union they need to get special players involved because teenagers will look up to these...
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you get this in italy you get this in germany you just can't change them for education for whatever they will say the same the problem is you have a few thousand teenagers who go on to the matches and they don't know what they're doing so they copy what these. races fans are doing and what the club needs to do is try to educate the teenagers. the clubs the russian premier league the russian football union they need to get special players involved because it will look up to these players and trying it's and the racism campaign is going. next after a short break marks and stacy expose the secrets of the global financial industry. the legacy no one should be proud keeps of scrap metal littering pristine arctic landscape building stilton over their foundation pipes spilling black smoke over the snow covered peaks the traces of the soviet industrial activity on the bergen archipelago don't make a pretty picture if the guiding principle here is the worse the better local life to tell the story about back in soviet times when no regions were visiting barons were they all want to express amazeme
you get this in italy you get this in germany you just can't change them for education for whatever they will say the same the problem is you have a few thousand teenagers who go on to the matches and they don't know what they're doing so they copy what these. races fans are doing and what the club needs to do is try to educate the teenagers. the clubs the russian premier league the russian football union they need to get special players involved because it will look up to these players and...
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Dec 22, 2012
12/12
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the south stream pipeline is meant to carry russian gas through bulgaria to austria and italy, but the u.s. and russia are arguing over the rules to be applied to the new pipeline. >> it is true that some difference remained regarding some aspects of energy relations between europe and russia. >> european demands for russia to separate gas companies and distribution channels have so far had no effect. and the russian leader was not prepared to take the criticism lying down. >> my good friend explained his position at such great length and with such a motion because he has a feeling he is in the wrong. >> the ongoing disputes about energy and trade are taking their toll on the you-russian relations. >> italy's prime minister has resigned. this move paves the way for elections to be held as early as february. mario monti has promised to hand in his resignation -- or had promised to hand in his resignation as soon as parliament passed a 2013 budget, which he led his -- kept his promise. he led a government of technocrats for the past year. europeans had held his economic reforms, but vote
the south stream pipeline is meant to carry russian gas through bulgaria to austria and italy, but the u.s. and russia are arguing over the rules to be applied to the new pipeline. >> it is true that some difference remained regarding some aspects of energy relations between europe and russia. >> european demands for russia to separate gas companies and distribution channels have so far had no effect. and the russian leader was not prepared to take the criticism lying down. >>...
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you get this in italy you get this in germany you just can't change them for education for whatever they will say the same the problem is you have a few thousand teenagers who go on to the matches and they don't know what they're doing so they copy what these. races fans are doing and what the club needs to do is try to educate these teenagers. the clubs the russian premier league the russian football union they need to get special players involved because look up to these players and trying to. become brains going. the latest cruise blasted off from the baikonur cosmodrome in kazakhstan a russian flight engineer is among the three members on board with the i assess team gearing up for a busy five months in space then they're said to carry out more than one hundred scientific experiments and even go on a couple of space walks as well was there to witness the takeoff. here at a bitterly cold baikonur cosmodrome in kazakhstan we're counting down to the launch of the soyuz rocket which will take three men on their student to the international space station chris hadfield thomas marshburn an
you get this in italy you get this in germany you just can't change them for education for whatever they will say the same the problem is you have a few thousand teenagers who go on to the matches and they don't know what they're doing so they copy what these. races fans are doing and what the club needs to do is try to educate these teenagers. the clubs the russian premier league the russian football union they need to get special players involved because look up to these players and trying...
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you get this in italy you get this in germany you just can't change them for education for whatever they will say the same the problem is you have a few thousand teenagers who go into the matches and they don't know what they're doing so they copy what these. races fans are doing and what the club needs to do is try to educate these teenagers. the clubs the russian premier league the russian football union they need to get special players involved because teenagers will look up to these players and try and get. campaigns going. and it will bring you more world news in about forty minutes time up next after a very short break as i did not sit and breaking the set. the sun rises over what seems like and most forest here in the new directions quite hundred kilometers north of light of all stop as much of the world it's disappearing at a catastrophic rate. markers both illegal and those finding ways to outsmart the system for filing down the forests of the region for them profit goes well beyond the future of our planet and the result could be an ecological crisis the world wildlife fund for
you get this in italy you get this in germany you just can't change them for education for whatever they will say the same the problem is you have a few thousand teenagers who go into the matches and they don't know what they're doing so they copy what these. races fans are doing and what the club needs to do is try to educate these teenagers. the clubs the russian premier league the russian football union they need to get special players involved because teenagers will look up to these players...
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Dec 29, 2012
12/12
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just one example, italy. italy has a book called the markkorah law. in italy if you're unemployed the government gives you a choice. you can get a weekly paycheck like we do here, unemployment compensation. choice number 2, the italian government will give you your entire two to three years of weekly unemployment checks up front as a lump sum on one condition, you must get at least ten other workers to make the same choice and that money must be used in italy. to begin and operate a collective enterprise of those unemployed workers. what is interesting, how to solve unemployment by creating a new kind of enterprise that would give the american people real freedom of choice. you want to work in a top-down hierarchical capitalist enterprise or try this other kind. would you like to buy the product of these kind of capitalist enterprises or would you like to buy the product of an enterprise where workers have a completely different life and relationship. these are new directions that come out of the crisis of capitalism and turn a bad thing into a good t
just one example, italy. italy has a book called the markkorah law. in italy if you're unemployed the government gives you a choice. you can get a weekly paycheck like we do here, unemployment compensation. choice number 2, the italian government will give you your entire two to three years of weekly unemployment checks up front as a lump sum on one condition, you must get at least ten other workers to make the same choice and that money must be used in italy. to begin and operate a collective...
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Dec 13, 2012
12/12
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italy has a dead auction coming up later in the show. as for spain and germany, they are seeing yields drip lower this morning, as well. back across the board, the guilt down 1.82%. the euro/dollar was barely weaker the last time we checked and now it's drifting a little further. 1.3064. it's still above that level. and the dollar/yen now receding to almost flat if not a little lower on the morning. now european leaders are expected to agree on the next tranche of aid for greece when they meet today. sylvia is in brussels to follow aus of these negotiations for us. sylvia, a torturous route for greece. are they finally going to get this money? if so, what does that change. >> well, it at least gives them a bit of breathing space. it doesn't change anything in terms of the overall dismal situation of the country. there was a letter of the german finance minister yesterday, written so it is by one of the deputies to the german bundes stock where he basically said, we are ready to sign up the next package for greece. this has not been confi
italy has a dead auction coming up later in the show. as for spain and germany, they are seeing yields drip lower this morning, as well. back across the board, the guilt down 1.82%. the euro/dollar was barely weaker the last time we checked and now it's drifting a little further. 1.3064. it's still above that level. and the dollar/yen now receding to almost flat if not a little lower on the morning. now european leaders are expected to agree on the next tranche of aid for greece when they meet...
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for this national debt in the last decade has skyrocketed most humiliating of all for greece portugal italy and spain the future only gets worse is how spain's buying slowed to one trillion on the tykes failed private lenders gambled and built three million houses people called to forward one of them thank you no runs off as it was of the national economy claiming that too big to fail government is nationalize them turning a plain crap bank into a bankrupt nation. the worst kept secret on the markets is no one will touch the euro while four of its members at least are on the brink. hardly anyone actually train zeroes any more random walk of the drunken offspring of a failing marriage. bookmakers don't give greece a sporting chance they've stopped accepting bets on the country's euro exit it's all turning people not just off the road but of the european union itself. britain's anti e.u. party just beat the ruling tories to gain record support in elections checkmate the free citizens was founded by pizza mike a disillusioned boys it's of the country's president you prison rules he told me sto
for this national debt in the last decade has skyrocketed most humiliating of all for greece portugal italy and spain the future only gets worse is how spain's buying slowed to one trillion on the tykes failed private lenders gambled and built three million houses people called to forward one of them thank you no runs off as it was of the national economy claiming that too big to fail government is nationalize them turning a plain crap bank into a bankrupt nation. the worst kept secret on the...
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Dec 8, 2012
12/12
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for high-speed and other rail service to the private sector, which is something we should let, and italy has more forward in an expedited fashion open to a private contractor who is now providing competing service to the public sector in italy so we can look at some things that may not be successful in other countries and tried to pick the very best options. let me yield mel. >> thank you. i can only take my colleagues at his word. when we went to the central valley, one of the robot has been the lack of knowing the details. the conversation you just went through with mr. lahood, how could we expect to get an update on who these private companies are that are able to invest that come much are they willing to invest that i have heard him say the same concern for over a year now. when do you anticipate the governor would work with you to present a package of how we might be able to get the private investment? >> i'm not going to speak for the governor. this has not been determined. companies that want to invest. >> can you also expressed to the governor on half of this committee that he wo
for high-speed and other rail service to the private sector, which is something we should let, and italy has more forward in an expedited fashion open to a private contractor who is now providing competing service to the public sector in italy so we can look at some things that may not be successful in other countries and tried to pick the very best options. let me yield mel. >> thank you. i can only take my colleagues at his word. when we went to the central valley, one of the robot has...
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Dec 19, 2012
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and italy and spain seeing yields coming down. italy below 4.4%. you know, when it comes to the urgency with regard to italy or, say, spain asking for help, you can understand why policymakers are reluctant and probably will be until their hand is forced. spain below 5.4%. the euro dollar is stronger as is sterling. euro/dollar adding .3%. nearly 133. remarkable if you consider all that we've been through. perhaps a headwind again for the periphery that would prefer to see a lower exchange rate. meantime, also the dollar/yen one to focus on, adding about -- just about .2%, just under.2% today, 84.35 the level there. for more on what the weaker yen has been doing to support trade in the nikkei and across asia, let's get to deirdre wang morris, joining us from singapore. hi. >> reporter: hey, kelly. that weaker yen has been doing a lot to continue to fuel the rally that we are seeing in japanese equities. now another thing that it's doing is heaping pressure on the governor there. they began their two-day policy meeting today. and expectations are ve
and italy and spain seeing yields coming down. italy below 4.4%. you know, when it comes to the urgency with regard to italy or, say, spain asking for help, you can understand why policymakers are reluctant and probably will be until their hand is forced. spain below 5.4%. the euro dollar is stronger as is sterling. euro/dollar adding .3%. nearly 133. remarkable if you consider all that we've been through. perhaps a headwind again for the periphery that would prefer to see a lower exchange...
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he helps to leave the country out of the financial crisis seventy six year old has already served as italy's prime minister for three separate terms is currently caught up in a number of scandals including tax fraud convictions which he is appealing add to accusations of paying for sex with an underage prostitute something he denies. nearly two hundred countries have agreed to extend the kyoto protocol a treaty that limits the greenhouse gas output of some nations and hopes of curbing global warming legally binding plan was approved by un delegates during the climate talks in doha the summit established for the first time the rich nations should move towards reimbursing poorer nations for losses due to climate change. well and president which of us as announced he is suffering from cancer once again the leader says tests showed a return of some malignant cells in the same area where tumors had been previously removed he will return to cuba were already received cancer treatments to undergo surgery in the coming days the news comes two months after chavis was reelected as president in a tight
he helps to leave the country out of the financial crisis seventy six year old has already served as italy's prime minister for three separate terms is currently caught up in a number of scandals including tax fraud convictions which he is appealing add to accusations of paying for sex with an underage prostitute something he denies. nearly two hundred countries have agreed to extend the kyoto protocol a treaty that limits the greenhouse gas output of some nations and hopes of curbing global...
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Dec 10, 2012
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cnbc's carolin roth will join us from italy with the latest in a few minutes. when i was over there, i had to have the -- all the political signs translated because there's a picture of monti sitting under a beach chair drinking a drink and all the text was send monti to the beach. they already didn't like him. >> he had very high disapproval ratings. i remember last summer i had seen that somewhere. >> they want to send him to the beach. the major european averages at this hour, there they, they're all down. not great in france, but germany down about .7% and the ftse down fractionally. other news out of europe, debt tieback for from an day to receive additional buyback offers. those would be at deeply discounted prices and that would help lower the country's debt lead. >>> in asia, stocks touched a 16-month high and closed mostly higher on the session with good gains, as you can see, with the kospi up the most, 1.5 points. >> strong nebs out of china which suggest maybe the economy is rebounding more than expected. >> the exports. >> yeah. >> among the cataly
cnbc's carolin roth will join us from italy with the latest in a few minutes. when i was over there, i had to have the -- all the political signs translated because there's a picture of monti sitting under a beach chair drinking a drink and all the text was send monti to the beach. they already didn't like him. >> he had very high disapproval ratings. i remember last summer i had seen that somewhere. >> they want to send him to the beach. the major european averages at this hour,...
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politicians have already started the finger pointing of just curious to blame silvio berlusconi in italy saying little he's going to run against to be the leader of the country and he's pointed a finger squarely towards germany where i am right now saying that it's up to berlin to recognize the european central bank as a real central bank in his words otherwise swell countries like italy are going to have to pull out of the euro zone in fact well there are those here in germany that would say that it's all germany that has to pull out of the year is this going on as we look towards twenty thirteen and that difficult task of trying to solve the eurozone and the european union's crippling financial problems. there's financial troubles that have increased the calls from spain's wealthiest region catalonia to break away from central government madrid however has stressed it has the legal power to stop it from even holding a referendum on independence the warning came hours before the region's pro separatist parliamentary majority has signed an agreement calling for a public vote on this self
politicians have already started the finger pointing of just curious to blame silvio berlusconi in italy saying little he's going to run against to be the leader of the country and he's pointed a finger squarely towards germany where i am right now saying that it's up to berlin to recognize the european central bank as a real central bank in his words otherwise swell countries like italy are going to have to pull out of the euro zone in fact well there are those here in germany that would say...
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the politicians have already started the finger pointing of just who is to blame silvio berlusconi in italy saying little he's going to run again to be the leader of the country and he's pointed a finger squarely towards germany where i am right now saying that it's up to berlin to recognize the european central bank as a real central bank in his words otherwise swell countries like italy are going to have to pull out of the euro zone in fact well there are those here in germany that would say that it's well germany that has to pull out of the year or so of this going on as we look towards twenty thirteen and that difficult task of trying to solve the eurozone and the european union's crippling financial problems. well a few minutes time we'll take you want to tour of sochi as the black sea resort city prepares for the twenty fourteen winter olympic games to stay with us. to least be told language to. close those programs and documentaries in arabic it's all here on the t.v. reporting from the world's hot spots the v.o.i.p. interviews intriguing story for use. in trying. to find out more vi
the politicians have already started the finger pointing of just who is to blame silvio berlusconi in italy saying little he's going to run again to be the leader of the country and he's pointed a finger squarely towards germany where i am right now saying that it's up to berlin to recognize the european central bank as a real central bank in his words otherwise swell countries like italy are going to have to pull out of the euro zone in fact well there are those here in germany that would say...
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Dec 12, 2012
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as they look at greece, but also they're watching the problems in italy. the news that mariom onti -- monti will step down. that's really dragging down the mood. >> let's look at some market numbers. dax closing up. stoxx 50 at 2624. the dow jones is currently up almost 1%. the euro is trading at $1.3007. >> agrees has reached their target in a bond buyback scheme, at least they are calling to the state tv. >> they bought the bonds at a discount of 70% from investors and the private banks. this was a condition for them to receive further eu funds. finance ministers are set to meet to discuss releasing the bailout funds. british banking giant hsbc has agreed to pay a record $1.9 billion to settle a money- laundering case. investigated by authorities in the united states. >> hsbc was accused of using the u.s. financial system to transfer funds from mexican drug cartels and from countries like iran that had been placed under international sanctions. >> the u.s. government says hsbc invaded these practices. they've have been said to enabled terrorists and othe
as they look at greece, but also they're watching the problems in italy. the news that mariom onti -- monti will step down. that's really dragging down the mood. >> let's look at some market numbers. dax closing up. stoxx 50 at 2624. the dow jones is currently up almost 1%. the euro is trading at $1.3007. >> agrees has reached their target in a bond buyback scheme, at least they are calling to the state tv. >> they bought the bonds at a discount of 70% from investors and the...
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does it matter for italy? we haven't seen yields move much. >> i think the main reason, they're quite different to spain and italy. and markets ignored them. we're all fairly aware of that financing model. i think at some point next year it will probably break down. >>> president mohammed morsi has congratulated egyptians for a new constitution. in a tv address to the nation, mr. morsi said changes maybe necessary. the document is too islamist and has rejected the call for dialogue according to some. >>> a super winter storm that pounded the southeast and midwest is now pounding the northeast. the storm has created havoc on roads and at the airports and this as people start returning home after christmas. more than 1800 u.s. flights have been canceled since tuesday. makes the fact that a lot of usair line stocks were at 1 1/2 year highs yesterday. >>> a u.s. federal jury has found martel in patent violations. carnegie mellon sued marvell in 2009. the company is now hopeful the judge will reverse the verdict, b
does it matter for italy? we haven't seen yields move much. >> i think the main reason, they're quite different to spain and italy. and markets ignored them. we're all fairly aware of that financing model. i think at some point next year it will probably break down. >>> president mohammed morsi has congratulated egyptians for a new constitution. in a tv address to the nation, mr. morsi said changes maybe necessary. the document is too islamist and has rejected the call for...
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well it's also on the unstable situation in the european markets italy's technocrat leader says his time in office will soon be up later we look at what's in store for the ailing eurozone remember seemingly no way out of the crisis. but egypt so opposition wants to up the protests pressure nationwide rejecting a referendum on the new constitution they claim the vote you in less than a week fails to represent the entire nation and will lead to more division of journalists in cairo says present mercy has tried to make some concessions but it doesn't ease the tension. this morning president mohamed morsi. on the decision to increase tax burdens on the country is a sales tax on consumer goods and services this is seen to be quite popular for him in the face of much to sense the increased tax burdens were supposed to be part of i.m.f. loan international monetary fund lone wolf point eight billion dollars loan the country's been trying to secure recently definitely these reducing these tax burdens will perhaps make him more popular among the streets but yesterday of course the national salvati
well it's also on the unstable situation in the european markets italy's technocrat leader says his time in office will soon be up later we look at what's in store for the ailing eurozone remember seemingly no way out of the crisis. but egypt so opposition wants to up the protests pressure nationwide rejecting a referendum on the new constitution they claim the vote you in less than a week fails to represent the entire nation and will lead to more division of journalists in cairo says present...
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Dec 27, 2012
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. >> president francois hollande, together with italy and spain, pushed back against germany's strict austerity plans for europe. the amended year, there was a sense that germany might cut in its place, the southern european countries were going to build up a counterbalance, but that has not really been borne out. especially since hollande never followed through with his drive to renegotiate the fiscal pact. that did not happen. >> for germany, that meant sticking to the status quo. chancellor merkel met with the greek prime minister in october. she made it clear that austerity remains the number one priority, but her message is not popular with the greek people. >> i know that these reforms demand a lot from people in those countries that are especially hard hit by the crisis, but the efforts are not for nothing. they are worth it. the reforms are working. >> one has to admit that chancellor merkel is very successful in pushing through her own agenda, weather you like it or not. she makes compromises, but at the end of the day, germany's positions are visible at the european level. >
. >> president francois hollande, together with italy and spain, pushed back against germany's strict austerity plans for europe. the amended year, there was a sense that germany might cut in its place, the southern european countries were going to build up a counterbalance, but that has not really been borne out. especially since hollande never followed through with his drive to renegotiate the fiscal pact. that did not happen. >> for germany, that meant sticking to the status quo....
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we were terrified that spain and italy couldn't pay their bills. we knew these companies could not bring down taxes. it turns out that we were afraid that these bonds were bringing the whole world down and we should have been buying them. the europeans offered sensible plans and responsible governments stepped up to increase taxes and cut benefits. if you had been able to borrow a ton of money to buy them it would have doubled. it may have been the single best investment of the 21st century to date. we are gripped by a similar hysteria about our own country. the fiscal cliff is like what they had in europe. we need to look for companies being obliterated by the cliff. banco santander was perceived to be the biggest loser. but it turned out to be an amazing trade. the stock traveled to $7.72. i don't think it's done. charitable trust is buying a major midwestern lender. stock has been sliding every day. key is now under $8 and i can tell from the trading in the name it is not going to happen just yet. there are sellers everywhere. the only thing the
we were terrified that spain and italy couldn't pay their bills. we knew these companies could not bring down taxes. it turns out that we were afraid that these bonds were bringing the whole world down and we should have been buying them. the europeans offered sensible plans and responsible governments stepped up to increase taxes and cut benefits. if you had been able to borrow a ton of money to buy them it would have doubled. it may have been the single best investment of the 21st century to...
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Dec 6, 2012
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>> greece and italy are also on the list. year after year, the country's perform the poorest -- the countries perform the poorest. greece pays many more bribes per year and higher amounts than anywhere else in europe. in those countries, public institutions need to change. we need financial accountability to citizenry. >> denmark is the least corrupt country. what does germany need to do to improve its position? >> the world is waiting for more attention to the u.n. convention against corruption. that means ratification. it is not ok that germany has not ratified this treaty. it is important to look at some of the other activities that politicians and those in the justice system are involved in. it is important to know about that in terms of complex of interest that may emerge in their public sector -- of conflict of interest that may emerge in their public-sector work. >> eu anti-trust regulators have imposed fines on alleged cartel of -- on an alleged cartel of electronics companies. >> tv sets with cathode ray tubes are no
>> greece and italy are also on the list. year after year, the country's perform the poorest -- the countries perform the poorest. greece pays many more bribes per year and higher amounts than anywhere else in europe. in those countries, public institutions need to change. we need financial accountability to citizenry. >> denmark is the least corrupt country. what does germany need to do to improve its position? >> the world is waiting for more attention to the u.n. convention...